JOURDAN Assays Up to 1.88% Li2O (Lithium Oxide) in Surface Grab Samples From the New Spodumene-Bearing Intrusive at the Pivert-Stairs Rare Metals Property Contiguous to...

MONTREAL, QUEBEC--(Marketwire - Oct. 19, 2010) - JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") is pleased to announce assay results from the first grab samples from the newly discovered spodumene-bearing intrusives taken during the field prospecting program on the Company's 94 claims / 49.5 km2 Pivert-Stairs Rare Metals Property (the "Property") in the James Bay Mining District of northern Quebec (refer to the appended location map). The new discovery is located 1 km east-southeast of Pivert/Rose Rare Metals property where recent work outlined significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium.

There are 4 new northwest-southeast trending spodumene-bearing intrusives uncovered within an outcrop surface of 300 metres by 200 metres located 1 km east of First Gold Exploration's Pivert Showing. The main spodumene-bearing intrusive is at least 10 metres wide and has been uncovered over a 25 metres length. The other intrusives run parallel and they all tend to be subhorizontal. There is significant spodumene-bearing angular boulder field associated with the discovery trending further to the south possibly indicating additional spodumene-bearing intrusives in this direction.

Of the 88 grab samples taken to date during the ongoing prospecting phase of the program from all four claim blocks of the Property, some 19 grabs were taken from the spodumene discovery outcrops at the Pivert East #2 Claim Block. The average grades of the 19 grab samples are 1.06% Li2O, 72 ppm Gallium, 88 ppm niobium, 1,441 ppm Rubidium and 75 ppm tantalum. In comparison, average grades from First Gold Exploration's Pivert Showing are 1.40% Li2O in 5 grab samples. Assay results for Lithium Oxide, Rubidium, Tantalum, Niobium and Gallium are outlined in the following table:

Grab Samples #(1)

Li2O (%)

Gallium (ppm)

Niobium (ppm)

Rubidium (ppm)

Tantalum (ppm)

Sample Descriptions

100

0.64

80

95

1175

58

Angular block; 5-10%(2)

102

0.74

74

98

1180

76

Intrusive; 5%

103

1.41

92

65

214

62

ditto

104

1.45

72

93

2550

118

ditto

105

0.76

72

97

1380

116

ditto

106

1.52

80

63

948

132

ditto

107

1.82

88

264

1185

147

ditto

108

1.23

78

65

386

82

ditto

109

0.91

76

56

2170

41

Angular block; 5%

111

0.81

71

77

2220

61

Intrusive; 1-2%

112

1.45

73

66

1475

52

Intrusive; 1-2%

113

0.40

68

88

2330

58

Intrusive; 1-2%

114

0.64

69

76

1865

70

Intrusive; 1-2%

116

0.50

65

92

1765

83

Intrusive; 1-2%

120

0.27

21

8

315

trace

Intrusive

121

0.98

85

134

1595

110

Angular block; 5-10%

122

1.71

81

93

1060

89

Angular block; 5-10%

123

1.88

68

68

1350

39

Angular block; 5-10%

127

1.07

64

68

2210

37

Angular block; 5-10%

Average Grades

1.06%

72 ppm

88 ppm

1,441 ppm

75 ppm

Notes:

(1) Grab samples are by nature selective and are unlikely to represent average grades of Li2O on the Property.

(2) % content of spodumene.

Refer to the Quality Assurance and Quality Control section below for the sampling and assaying protocols.

JOURDAN's ground prospecting campaign is progressing as planned and the exploration program will include a regional airborne geophysical survey (Magnetics, EM and radiometrics) to better identify the spodumene-bearing intrusives on the 12+ km long Pivert-Stairs (Rare Metals) Corridor on the Property.

Sampling Protocols, Quality Assurance and Quality Control

Grab samples consist of 0.5-2 kg samples that were bagged, tagged and sealed on-site. Samples were transported by JOURDAN personnel to the ALS Group laboratory facilities in Val-d'Or (Quebec) for sample preparation, and shipped to the ALS facility in North Vancouver (British Columbia) for assay using the multi-element mass spectrometer 38-element ME-MS81 Method and the ME-OG63 Method for Lithium (the Lithium to Lithium Oxide conversion factor is 2.153). In Val-d'Or, samples were weighed, dried and crushed 70% to less than 2 mm; a 250 g split was pulverized 85% to under 75 μm; and bagged for shipment and assay to North Vancouver. Blanks and standards were inserted by the laboratory in the sample stream prior to assaying.

JOURDAN's Pivert-Stairs Rare Metals Property

The Property consist of the Pivert East #2 Claim Block (12 claims; 636 hectares for 6.4 km2) immediately contiguous and less than 1 kilometre to the northeast of the First Gold Exploration (TSX-V: EFG) ("First Gold") Lac Pivert Lithium Showing on First Gold's Pivert/Rose Rare Metals Property; the Lac Pivert West Claim Block (2 claims; 106 hectares for 1.1 km2) between First Gold's Lac Pivert Lithium and 2.5 kilometres from their new Rose Lithium-Rubidium Discovery; the Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km2) immediately contiguous to the southwest of First Gold's Rose Lithium-Rubidium Discovery; and the Pivert East #1 Claim Block (37 claims; 1,924 hectares for 19.2 km2) immediately contiguous to and northeast of the Pivert East #2 Claim Block.

The Property is easily accessible via an extensive road and trail network. The Property sits less than 5 km from the Eastmain-1 Hydroelectric facility where substantial infrastructure exists. There is an access road to within 500 m of the Lac Pivert East #1 and #2 and Lac Pivert West Claim Blocks. A north-south hydro line straddles the Lac Pivert West Claim Block.

Earlier work by the Ministère des ressources naturelles et de la faune Québec (Boisvert, 1989) describes the Property area as containing irregular but generally continuous lenses of pegmatites within the host biotite schists. Individual pegmatites can attain up to 60 m in width and more than 100 m in length, collectively forming part of a much larger bodies having kilometric lengths and widths up to 300 m. Additional work uncovered a number of Lithium showings in the region with a similar metallogenic context to Lithium One's Cyr Lithium Property and First Gold's Pivert/Rose Rare Metals Property, where irregular but generally continuous spodumene (a lithium bearing aluminum silicate) bearing pegmatites occur.

Historical work on Cyr Lithium Property, located 75 km northwest of the Property, has demonstrated significant Lithium potential, identifying a resource potential* of 12 million tonnes (45,000 m2 by 100 m deep) grading 1.7% Li2O (www.lithium1.com). A resource potential estimate should not be relied on and is not considered National Instrument ("NI") 43-101 compliant. A Qualified Person has not reviewed and evaluated the resource potential to outline NI 43-101 Mineral Resources. It is uncertain that any future exploration and development work will result in any of the resource potential to be considered as NI 43-101 Mineral Resources. A resource potential estimate should only be considered as an indication of mineralization.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic Uranium and Rare Metals or High Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties are currently at the exploration stage along the Lower North Shore, the Mauricie and now the James Bay regions of Quebec.

The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc., P. Geo., Technical Advisor to the President and CEO of JOURDAN, and a Qualified Person under NI 43-101 regulations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.